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New Central Bank Act PDF

34 Pages·2021·English
by  ['KL']
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by ['KL']| 2021| 34 pages| English

About New Central Bank Act

The document summarizes key aspects of the Central Bank of the Philippines and Bangko Sentral ng Pilipinas (BSP): 1. The BSP was established in 1993 to replace the bankrupt Central Bank of the Philippines. It has a corporate structure managed by a Monetary Board. 2. The Monetary Board includes the BSP Governor, cabinet members, and five private sector directors. Governors and directors serve maximum 12-year terms. 3. The BSP supervises banks, investment houses, foreign exchange dealers, remittance centers, and pawnshops. It issues currency, manages money supply and reserves, and represents the Philippines in international monetary dealings. 4.

Detailed Information

Author:['KL']
Publication Year:2021
Pages:34
Language:English
Format:PDF
Price:FREE
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